Credit Unions vs Banks

We are not a bank.

Meritrust serves the community, not the C-suite. Instead of making fat cats fatter, we pass our profits back to our members and fund initiatives that support the local schools and neighborhoods who need it most. Together, we all benefit, because it’s not about banking. It’s about belonging.

Why choose a credit union?

Choosing a credit union over a bank is one of the smartest financial decisions you can make. Banks are for-profit institutions that serve the needs of shareholders and investors. Credit unions are not-for-profits with member-owners who have an equal say in how the union is governed and run. They share their success with their members in the form of lower loan rates and higher savings interest.

Banks vs Credit Unions

Banks

  • For-profit
  • Owned by shareholders and investors
  • Charge high rates and pays low interest
  • Supports Wall Street

Credit Unions

  • Not-for-profit
  • Owned by members
  • Return profits to members as lower rates
  • Supports the local community

Convinced? Become a Member